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Canadian economists are not too concerned about low inflation, Finance Minister Joe Oliver said after meeting several of them on Monday, sending a different message than the one sounded recently by Bank of Canada Governor Stephen Poloz. The minister also expressed willingness to consider a recommendation that mortgage insurance cover only part of the losses from a default by the borrower.

Potash Corp of Saskatchewan said on Monday it will rescind layoff notices affecting 50 workers at its Penobsquis, New Brunswick, facility due to tight conditions in the granular potash market.

Bombardier Inc said on Monday that it has laid off more than 100 staff and let go 110 contract workers in the United States and Mexico owing to delays in the flight test program for its all-new Learjet 85 business jet.